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iragen [17]
2 years ago
12

Transactions for the Sheldon Cooper Company, which provides welding services, for the month of June are presented as follows.

Business
1 answer:
dem82 [27]2 years ago
5 0

Answer:

June 1 Sheldon Cooper invests $4,000 cash in exchange for shares of common stock in a small welding business.

Account Debited: Cash

Account Credited: Common Stock capital

2 Purchases equipment on account for $1,200.  

Account Debited: Equipment

Account Credited: Accounts Payable

3 Pays $800 cash to landlord for June rent.

Account Debited: Rent expense

Account Credited: Cash account

12 Bills P. Leonard $300 after completing welding work done on account.

Account Debited: Accounts receivable

Account Credited: Service revenue

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The decision making method that Wilma uses is the bounded rationality. It is a type of decision making with only a short time they acquire in deciding up decisions in which Wilma has been doing in the scenario above. This type of decision making also allows a person to decide with only the few decisions that couldn't suffice them. This decision making is being portrayed in the given scenario above.
7 0
3 years ago
Other things the same, if prices fell when firms and workers were expecting them to rise, then a. employment and production woul
Trava [24]

Answer:

d. employment and production would fall.

Explanation:

Economic agents have expectations about the parameters of an economy, such as price, inflation, unemployment rate, etc. If the price falls while economic agents expect the opposite, in the short run production and employment tend to increase. This is because investment decisions had already been made. However, in the medium and long term, economic agents realize that price expectations have not been confirmed and market parameters adjust. Thus, in the face of falling prices, there will be less demand. With lower demand, there will be a decrease in production and thus the employment rate decreases.

4 0
3 years ago
During the current year, Comma Co. had outstanding: 25,000 shares of common stock, 8,000 shares of $20 par, 10% cumulative prefe
irina [24]

Answer:

The basic earnings per share for the present year is $7.36 per share

Explanation:

The basic earnings per share for the current year of Comma is computed as:

= (Net Income - preferred stock) / Outstanding shares

where

Net Income is $200,000

Preferred stock is computed as:

= Shares × 10% × Price × 10%

= 8,000 × 10% × $20

= 800 × $20

= $16,000

Outstanding shares - 25,000

Putting the values above:

= ($200,000 - $16,000) / 25,000

= $ 184,000 / 25,000 shares

= $7.36 per common share

8 0
3 years ago
Agent Pam receives an offer on one of her listings for less than the asking price. The home has been listed for several months;
Jobisdone [24]

Answer: Counteroffer

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8 0
3 years ago
Founders should be wary of crowdfunding sites like Kickstarter, because these efforts require founders to give up large ownershi
Westkost [7]

Answer:

B. False

Explanation:

As the name suggests that crowdfunding refers to the funding for a project by having a small amount from the public at large in an internet

Since in the question it is mentioned that the founders should put efforts for giving the high stake of ownership with respect to high contributors before raising the funds to launch a product in the market

But this above requirement should not be necessary

Therefore the given statement is false

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3 years ago
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